Business, 02.04.2020 03:53 jumpgirll

Nate is investing in a partnership with Deidre. Nate contributes as part of his initial investment, Accounts Receivable of $60700; an Allowance for Doubtful Accounts of $9400; and $5200 cash. The entry that the partnership makes to record Nate’s initial contribution includes a:

a. Credit to Nate, Capital for $64800.

b. Debit to Allowance for Doubtful Accounts for $8700.

c. Debit to Accounts Receivable for $50800.

d. Credit to Nate, Capital for $56100.

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Nate is investing in a partnership with Deidre. Nate contributes as part of his initial investment,...